Portfolio Hires Ex-Post Editor

A year after he first started interviewing, Dan Colarusso has the job he probably wishes he had taken in the first place.

Portfolio announced today that Colarusso, the former city editor of The New York Post, has been hired to run its Web site. Running Portfolio.com was the job Mr. Colarusso was interviewing for before he got bumped up from the Post’s business editor to its city editor in Jan. 2007, said a source at Portfolio.

And, as has been documented, the city editorship didn’t work out so well.

Those who know him as a business editor loved him. “He’s a fantastic guy and a fantastic editor and a fantastic guy to work for,” said Tim Arango, a New York Times business reporter who worked with Mr. Colarusso at the Post. “He had a great sense for business news.”